Business Hilights

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Content B, Simbi Kesiye Wabote

NCDMB to boost manpower base, create 300,000 jobs with N14b

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Nigerian oil and gas sector has been experiencing capacity boom in the last few years since the creation of the Nigerian Content Development and Monitoring Board (NCDMB).

Speaking in Lagos on Tuesday, at a Two-Day Nigerian Gas Summit jointly organised by the Flintxposures, an international organisation, and the International Research Networks (irn), a UK-based organization, the Executive Secretary, Mr. Simbi Wabote, announced the organisation’s plan to create about 300,000 job opportunities for Nigerians.

Explaining issues at the conference with theme; ‘Driving Investment, Capturing Economic Value and Encouraging Technological Transfer into Nigeria’s Critical Gas Sector’, Wabote noted that

“We are really set to revitalise NCDMB. We are prepared to develop and train top-notch manpower for the gas industry and even beyond”.

“We are set to create 300,000 jobs with over N14 billion out of the N21 billion that is spent in-country yearly.

“It is one of our key initiatives to actively promote and support indigenous companies venturing into Deepwater offshore projects and operations,” he said.

According to him, Nigeria was currently spending about N28 billion yearly on the importation of fuel.

He said that it was imperative for Nigerian indigenous, as well as foreign investors to take the ‘huge opportunities’’ that currently abound in Nigeria’s gas sector.

Watobe said that the Nigerian Oil and Gas Industry Content Development Act (NOGICDA) of 2010 was meant to integrate oil producing communities into the oil and gas value chain.

According to him, the Act was also to foster international collaboration, link the oil and gas sector to other sectors of the economy, as well as attract investment to Nigeria’s oil and gas sector.


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